DIŞ TİCARET - Deneme Sınavı - 12

Volume of trade gives the total amount of imports and exports. Balance of trade gives the difference between total imports and total exports. If total imports are more than the total exports within an economy, then there is a trade deficit. On the other hand, when total exports exceed total imports, it means that there is a trade surplus.The correct answer is "B".

The discipline of international economics deals with the decisions of nations that act as individuals. The decisions on international transactions not only affect employment, income distribution, prices, economic development, growth, and welfare of the national economy but also the world economy as a whole. This interaction between a national economy and world economy justifies the importance of the discipline of international economics on its own.   Doğru yanıt " C " dir.

International economics is composed of two main parts, namely international trade and international money. Doğru yanıt " B " dir.

Defining the key terms and concepts has to start with the term volume of trade. Volume of trade gives the total amount of imports and exports. Doğru yanıt " A " dır.

Decrease in the terms of trade refers to a deterioration in the terms of trade. Doğru yanıt " C " dir.

Income terms of trade are as important as the commodity terms of trade for a developing nation. Doğru yanıt " D " dir.

Negative economies of scale exist when the cost of producing a unit of commodity increases as its output rate increases. Doğru yanıt " A " dır.

Foreign exchange market: The national currency of a country is exchanged for the currency of another in the foreign exchange market. Doğru yanıt " E " dir.

Foreign exchange rate: The price at which a currency is exchanged for the other currency refers to foreign exchange rate. Doğru yanıt " A " dır.

Business-to-business (B2B) e-commerce: It includes a broad range of intercompany transactions like purchases of services, manufactured parts and components, capital equipment and technology (Rucking-Reiley and Spulber, 2001, 55). Doğru yanıt " D " dir.

Digital economy: It is a term that incorporates all the economic processes, transactions and activities on digital technologies. Digital economy has a broader scope than the internet economy since it embraces many digital tools including the internet and its facilities while the internet economy refers only to the internet connectivity. Doğru yanıt " E " dir.